Technical Analysis of Stock Trends

Italy, country of the renaissance — and Berlusconi

Posted on Nov 09, 2011 by WHC Bassetti.

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Afghan markets…

Posted on Nov 05, 2011 by WHC Bassetti.

We have been reading “The Great Game” (and also “Flashman” comic masterpiece about Afghanistan). These recount the struggle for empire between the Russians and the British in the 19th century. Tales of deceit, treachery, betrayal and brutality.  An apt metaphor for our current markets. We read one account (of the market, not the Great Game) in which the analyst said in sum that everybody with any sense was on the sidelines and it was the flash traders and the hedge funds who were banging each other.  Could be.  Jibes with our observation anyway.

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Haul down the flag…

Posted on Nov 01, 2011 by WHC Bassetti.

Our tattared flag just got canceled so we are hedging our longs with the negative ETF SPXU. Sold TBT, QQQ, GLD AND SLV.

We were obviously in the eye of the hurricane and it may have been a bull trap.  Never a dull moment. As we were saying, they were wrong and it didn’t take long to prove they were wrong.

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They were wrong. Tattered flag? Exiting from the maze…

Posted on Oct 29, 2011 by WHC Bassetti.

We habitually mock, satirize and excoriate the punditry, the financial press, politicians, the Texas Rangers, modernized productions of Shakespeare, supply side economists, Groupon, IPOs, Meg Whitman, banksters, psychopathic CEOs, faux Shakespeareans– but we digress and haven’t even half covered the list, so we will stick to the financial press and punditry over the past several months. SIX STOCKS TO BUY NOW! SEVEN STOCKS TO MAKE YOUR FORTUNE! BUY BUY BUY!

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GLD and SLV..is the game on again?

Posted on Oct 26, 2011 by WHC Bassetti.

These look like signals in gold to us, so we scaled in to a small position as we did in silver.  We don’t have an excess of confidence in the trades, but the chart is the chart and these power bars are how rockets blast off.  Of course some times they blow up before they gain orbit, but that is half the fun.

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